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Azerbaijan reveals growth in value of non-oil exports by state companies

Economy Materials 2 September 2023 04:00 (UTC +04:00)
Azerbaijan reveals growth in value of non-oil exports by state companies
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 1. The total value of non-oil products exported by 10 state companies in Azerbaijan amounted to $868.7 million from January through July 2023, which is $186.3 million (27.3 percent) higher than in the same period of 2022 ($682.45 million), Trend reports.

According to the Center for Analysis of Economic Reforms and Communications of Azerbaijan, the list of state companies involved in export operations in the non-oil sector was headed by AzerEnergy OJSC.

Ranking of state companies by export volume from January through July 2023:

Company name

Export volume from January through July 2023

Export volume from January through July 2023

AzerEnergy OJSC

$314 million

$34.8 million

Marketing and Economic Operations Department of SOCAR

$215.4 million

$337.6 million

SOCAR Polymer

$181.3 million

$105.7 million

Azeraluminium LLC

$77.4 million

$95.3 million

AzerGold CJSC

$46.9 million

$52.9 million

Azerbaijan Airlines CJSC

$15.8 million

$3.2 million

Agro-Industrial Complex Azerpambiq LLC

$15.1 million

$50.3 million

Azerbaijan Railways CJSC

$1.2 million

$259,000

Azeripek LLC

$1.1 million

$1.3 million

ASK Tutun LLC

$565,000

$1.1 million

In general, the total value of non-oil products exported by 10 state companies in Azerbaijan as of 2022 amounted to $1.2 billion, which is $56.2 million (4.98 percent) higher than in 2021.

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